WORLDLENS. / VOL I · GLOSSARY
NINE TERMS LIVE · LIVE
PLAIN ENGLISH · GLOSSARY · INDEX

The words that show up
in the briefs.

Every term defined simply. Every definition explains why it matters for markets and geopolitical intelligence.

PUBLISHED TERMS
FINANCE · RATES

Basis points.

One bps = 0.01%. Every rate and spread headline uses it. Misreading by 10x is the difference between routine and panic.

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FINANCE · SYSTEMIC

Contagion risk.

When one market's problem spreads to others. 2008 was the textbook case. Decides whether one failure stays local.

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FINANCE · CENTRAL BANKING

Dovish pivot.

Central bank shifting from hikes to cuts, or signaling it. Repositions stocks, bonds, and FX all at once.

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GEOPOLITICS · MILITARY

FONOPS.

Freedom of Navigation Operations. US Navy transits through contested waters. Each one is a tradable signal.

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GEOPOLITICS · IRAN

IRGC.

Iran's Islamic Revolutionary Guard Corps. Distinct from the regular military. Moves price into oil before official statements.

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FINANCE · MACRO

Soft landing.

Inflation down without a recession. Rarely happens cleanly. It's the entire macro debate of any tightening cycle.

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FINANCE · INFLATION

Sticky core PCE.

Fed's preferred inflation measure, filtered to slow-moving prices. When it stays high, rate cuts get pushed back.

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GEOPOLITICS · MARITIME

UNCLOS.

UN Convention on the Law of the Sea. The treaty under every maritime dispute and Strait closure threat.

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FINANCE · BONDS

Yield curve inversion.

Short-term yields above long-term. Historical recession indicator. Resets credit pricing across the economy.

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THE LAST WORD

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Plain English is the bridge.

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